MicroStrategy Signals More Bitcoin Buys as Price Slips Below Cost Basis

MicroStrategy (MSTR-US) Executive Chairman Michael Saylor signaled potential new Bitcoin purchases on February 1, 2026, posting “More Orange” on X amid a market dip that pushed BTC below $75,000—under the company’s average acquisition cost of $76,040. The message, historically a precursor to official buy announcements, suggests the firm may have added to its holdings during the selloff. The company, which holds approximately 712,647 BTC after acquiring 40,000 this year, faces constrained fundraising capacity. Its common stock fell 6% for the week, closing under $150, while its STRC preferred shares traded below par value at under $100, limiting equity issuance options despite a recent dividend hike.